Swing and a MissI was envisioning writing a very different article this week as I have been working on another tremendous deal that was just about to close and then the deal blew up.In an earlier article, I wrote “Learn from our Deal of the Year” which was about a 10-unit property we acquired late last year.Earlier this year, I learned from my agent that the property next door was in trouble. It was a 10-unit building in poor condition, half occupied and in bad shape. I was very excited … [Read more...]
Our Real Estate Investing Model in Detail
February 9, 2012 By Leave a Comment
Our Real Estate Investing Model in DetailThe questions I get most frequently via email from the BiggerPockets audience are:- Can you tell me more about your model? - Why do you think it works? - Can I copy your model in my market? - How can I participate in it?Instead of responding to emails weekly around these topics, I thought I would take the time to write up a detailed review of our model. I will take you through a specific deal we have just locked up and hopefully answer the majority of … [Read more...]
Our Real Estate Investing Model in Detail
February 9, 2012 By Leave a Comment
Our Real Estate Investing Model in DetailThe questions I get most frequently via email from the BiggerPockets audience are:- Can you tell me more about your model? - Why do you think it works? - Can I copy your model in my market? - How can I participate in it?Instead of responding to emails weekly around these topics, I thought I would take the time to write up a detailed review of our model. I will take you through a specific deal we have just locked up and hopefully answer the majority of … [Read more...]
Short Sale Agents Can Be Your BFF
December 27, 2011 By Leave a Comment
I’ve been known to say that I am much more popular now, as a short sale aficionado, than I ever was in high school, thus proving that short sale agents can be your bff, best friend for ever. I’m not vain, and I realize that right now, I actually have something that lots of people want—information about and experience in the distressed property arena.This morning I caught an article on the Internet entitled “Three Reasons Why A Short Sale Agent Should Be Your Best Friend.”, … [Read more...]
What It’s Like to be a Realtor
December 1, 2011 By Leave a Comment
What It’s Like to be a RealtorI got a kick out of watching this video recently. It’s a nice little spoof on what every real estate agent at one time or another has probably felt. Yet, I think there is something in this that can speak to everyone, whether you are an investor, broker, mortgage professional, or attorney. I’ve said it before and will say it again. One of the biggest things that I witness most real estate professionals struggle with every single day is focus. In fact, as a … [Read more...]
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Short Sales With No Cost to Sellers
Short Sales With No Cost to Sellers I see many agents who advertise that a short sale transaction can be closed at no cost to the seller. When I see those ads, I always look for the fine print (and I do not always see any).When you take a short sale listing, the seller frequently inquires as to what s/he can be expected to pay< (i.e., how much does short sale processing cost). It’s true that frequently the short sale can be concluded with no cost to the seller. But, then there are those … [Read more...]